Unemployment Falls as US Adds 4.8M New Jobs

Unemployment Falls as US Adds 4.8M New Jobs

Sunday, July 5, 2020 | Tag Cloud Tags: coronavirus, Economy, News, PLO, virus, Worthy News
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(Worthy News) – The U.S. economy added 4.8 million jobs in June as it struggles to recover from the business closures forced by the coronavirus pandemic, the government reported Thursday, even as it said another 1.4 million laid-off workers filed for unemployment benefits last week.

The Bureau of Labor Statistics said the country’s unemployment rate improved to 11.1% in June, compared to the official May figure of 13.3%. But the June figure was compiled at mid-month before a new, record-high surge of confirmed coronavirus infections spread across the U.S. states that were among the first to reopen their economies.

The reports on job growth and unemployment show the U.S. economy, the world’s largest, at a crossroad, with pockets of recovery and uncertainty. Some businesses, stores, restaurants, gyms and salons are making attempts to reopen even as the sharp increase in coronavirus infections across the southern tier of the country is forcing some of them to reclose again or delay a further return to normal operations. [ Source: VOA News (Read More…) ]

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